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Attorney General Loretta Lynch announces an indictment against several FIFA officials and corporate executives at a news conference Wednesday in Brooklyn. (Credit: AP)

Massive Global Soccer Bust Called 'The World Cup Of Fraud'

U.S. authorities on Wednesday unveiled a racketeering case against top-level international soccer, charging executives at FIFA, the sport's global organizer, with taking $151 million in bribes to back tournament marketing contract applicants and warning more charges are likely in store in an ongoing investigation.

  • EXCLUSIVE: Sens. Probing CFTC Charges To Inspector General Budget

    The U.S. Commodity Futures Trading Commission is under a congressional inquiry over its plans to charge its inspector general hundreds of thousands of dollars for purported overhead expenses, Law360 has learned. The probe is part of a broader look into whether certain federal agencies are restraining their internal watchdogs. 

  • BREAKING: EPA Redefines Scope Of Waters Shielded By CWA

    The U.S. Environmental Protection Agency and Army Corps of Engineers on Wednesday unveiled the final version of their first-ever attempt to clarify exactly which American waterways are subject to federal jurisdiction, a controversial effort that seeks to make permitting decisions easier and bring regulations up to date with U.S. Supreme Court opinions.

  • High Court Clears One Inducement Hurdle, But Others Remain

    The U.S. Supreme Court's ruling Tuesday that a good faith belief that a patent is invalid is not a defense to induced patent infringement benefits patent owners by clearing a hurdle to proving inducement, but the opinion still leaves accused inducers with a viable defense, attorneys say.

  • Dewey Trial Begins With Davis Blaming Fall On Atty Greed

    The landmark trial of the executive leadership of Dewey & LeBoeuf LLP on fraud and larceny charges began on Tuesday, and defense attorneys quickly laid the blame for Dewey’s collapse on the financial crisis and some “greedy” partners who fled the firm, and said the executives were far removed from any accounting trickery.

  • IRS Can't Tax Foreign Reinsurance Policies, DC Circ. Says

    The D.C. Circuit on Tuesday ruled that the Internal Revenue Service may not collect an excise tax on reinsurance policies between two foreign entities, saying there's no indication that Congress intended the tax to apply to completely foreign companies.

  • FTC OKs $27B Reynolds-Lorillard Merger With Divestitures

    The Federal Trade Commission said Tuesday that Reynolds American Inc. and Lorillard Inc. could go ahead with their $27.4 billion merger as long as they sell four cigarette brands to the U.K.'s Imperial Tobacco Group PLC to assuage the watchdog's antitrust concerns.